TITLE

European Monetary Union: Will It Really Contribute to Stability?

AUTHOR(S)
Neu, C. Richard
PUB. DATE
January 2000
SOURCE
Business Economics;Jan2000, Vol. 35 Issue 1, p59
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
In the long run, European monetary union will almost surely prove beneficial economically and politically--for Europe and probably for the rest of the world. For the next several years, though, monetary union is likely to increase three kinds of risks facing firms doing business with, from, and in Europe. First, increased risks arise from the reduced predictability, coherence, and quality of overall macroeconomic policy making in Europe. Second, real economic conditions within Europe are likely to be more variable and volatile. Finally, monetary union may lead to increased uncertainty about--and maybe even increased strife over--social policies.
ACCESSION #
2988779

 

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